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Old Mutual decreases Lonmin voting rights

Old Mutual decreases Lonmin voting rights

Photo by Duane Daws

2nd October 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – Investment group Old Mutual on Thursday decreased its voting rights in platinum miner Lonmin to below 7%.

Following the transaction, Old Mutual held 39.37-million, or 6.9%, voting rights in the platinum miner.

By Thursday afternoon Lonmin’s share price had fallen by 0.47% to R32.05 from Wednesday’s closing price of R32.20.

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Edited by Tracy Klückow
Creamer Media Contributing Editor

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